Companies should focus on better technological integration between tax and finance departments to maximize efficiencies. However, a September survey by PwC and MAPI found that 77% of the 100 companies surveyed didn't have a tax technology strategy in place, even though a large majority, 85%, said it was a top strategy to improve effectiveness through improved technology and integration. One immediate step could be the implementation of data transfer technology, which tends to be overlooked at many companies.

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